Review and amend the Law on Personal Income Tax in tandem with international practices

Review and amend the Law on Personal Income Tax in tandem with international practices

VCN - Voters in Da Nang proposed the Ministry of Finance to advise the Government to submit to the National Assembly for amendment of the Law on Personal Income Tax to increase the level of family circumstance-based deduction for taxpayer’s dependents.
PIT revenue reaches 74.5% of estimate

PIT revenue reaches 74.5% of estimate

VCN - In the first six months of the year, the tax sector collected more than VND88 trillion of personal income tax (PIT).
PIT collection "slowing down"

PIT collection "slowing down"

VCN - According to the latest data from the General Department of Taxation, as of November 13, 2020, the total revenue from personal income tax (PIT) reached more than VND100,413 billion (equal to 78.06% of the estimate).
The deadline for submission of Personal Income Tax finalization dossier 2018 is 1 April 2019

The deadline for submission of Personal Income Tax finalization dossier 2018 is 1 April 2019

VCN- According to Ha Noi Tax Department, the law on Tax management stipulates that the deadline for submission of Personal Income Tax (PIT) finalization dossier “is no later than 90 days from the end of the calendar year or fiscal year”.
Proposals for PIT on properties with unclear origin

Proposals for PIT on properties with unclear origin

VCN – on the morning of 31st May 2018, the National Assembly continued the program of the 5th session with the content of the draft Law on Corruption Prevention (revised).
The deadline for PIT finalization may be extended

The deadline for PIT finalization may be extended

The regulation on removing the PIT finalization for paying organizations will be prescribed at the level of sub-law document.
Promote online tax declaration for individuals who have assets for lease

Promote online tax declaration for individuals who have assets for lease

VCN- Currently, the Tax sector is actively implementing value added tax (VAT) and personal income tax (PIT) declaration by electronic method for individuals who have assets for lease.
Enterprises take the initiative in tax settlement soon

Enterprises take the initiative in tax settlement soon

VCN - March is a peak month in the tax settlement of individuals and enterprises.
Amending Law on PIT: Reducing burden for employees

Amending Law on PIT: Reducing burden for employees

VCN - The most concern when the Bill was published is amendment to the partially progressive tariff for individuals with income from salary and wage.
Why are 5 laws on tax required to be amended at the same time?

Why are 5 laws on tax required to be amended at the same time?

VCN - It is expected that in the third quarter of 2017, the Government will report to the National Assembly Standing Committee to include the Bill into the law and ordinance making program 2018 of the National Assembly
Noticing when finalizing PIT on income from salaries or wages

Noticing when finalizing PIT on income from salaries or wages

To support taxpayers when finalizing PIT, the Hanoi Tax Department noticed a number of tax policies on income from wages and salaries
The peak month of 2016 Tax Finalization: closely support taxpayers

The peak month of 2016 Tax Finalization: closely support taxpayers

VCN - Mr. Mai Son, Deputy Director of Hanoi Tax Department shared about the preparation of the Hanoi Tax Department in the peak month.
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